Silver Movement
On Friday, Silver prices rose 0.55% to USD 16.44 per ounce during the period ending 21:00GMT, tracking gains in gold prices.
In the Asian session, at GMT0400, the pair is trading at 16.56, with the silver trading 0.76% higher from Friday’s close.
The pair is expected to find support at 16.28, and a fall through could take it to the next support level of 16.00. The pair is expected to find its first resistance at 16.76, and a rise through could take it to the next resistance level of 16.96.
The white metal is trading above its 20 Hr and 50 Hr moving averages.
